PayPal is one of the most well-known online payment solutions in the world, and it is often regarded as being much more secure than traditional ways to pay, such as physical cash or Visa credit and debit cards, for example, but just how secure is PayPal? Find out more right here.
A closer look at what PayPal is
PayPal is one of the world’s best alternative payment solutions that can be used to send and receive money anywhere in the world. It can also be used to pay for goods at land-based and online stores wherever the PayPal logo is accepted at the checkout. You can also now use PayPal to deposit and withdraw funds at today’s best PayPal casinos, and it can be used to buy anything from your weekly groceries to your train or bus tickets.
If you are using your PayPal account to send money to friends or relatives, or receive money from those people, then it’s free. However, when using PayPal in a business transaction (e.g., to purchase goods or services), then PayPal charges a nominal fee, which is hardly noticeable. Also, if you want instant access to any money that’s in your PayPal account, PayPal charges just a 1% fee.
How secure is PayPal?
In general, PayPal as a payment solution is perfectly secure. It’s one of the safest and most reliable ways to pay for things in 2022, thanks to the end-to-end encryption technology and the two-factor authentication that work together to ensure your transactions are secure. These security measures prevent unscrupulous third parties (aka hackers) from listening in and trying to steal either your money or your personal details.
You just need to be aware of PayPal scams. For example, some ruthless people have been known to pretend to be PayPal and send emails that look like they are from the official PayPal website, asking for things like your password (which PayPal would NEVER do) or asking you to top up your account immediately, only for you to end up sending money to a hacker and not PayPal.
In other words, ALWAYS check that any correspondence you have received from PayPal is genuine, and always make sure that if PayPal is calling you, it’s actually PayPal calling you. Therefore, you have nothing to worry about from PayPal. The only thing you have to worry about is people pretending to be PayPal. They can trick you into stealing your personal details or your money. The same things can happen with regular banks, though, or almost any other payment method.
Is it safe to use PayPal at online casinos?
Yes. It’s perfectly safe to use PayPal to deposit and withdraw at online casinos. However, you’re only safe playing at fully licensed online casinos that are controlled by reputable operators. Never sign up to an unlicensed casino site or to one that’s controlled by a rogue operator because they will only steal your money or sell your details to the highest bidder. The best online casinos today are also protected by SSL encryption technology as an added layer of protection.
What other alternatives to PayPal are there?
If you’re looking for a secure alternative to PayPal, then you may also want to consider using one of these other perfectly secure digital wallets:
- Apple Pay
- Samsung Pay
- Microsoft Wallet
- Google Wallet
There are lots of other perfectly secure digital wallets out there today but depending on which device you are using or which country you are based in will often determine exactly which of these digital wallets you will be able to use.